GOP bill proposes new tax cuts. Here's how it could impact your money.
A Republican-backed House bill includes a range new tax breaks, including a $4,000 deduction for seniors. Here's what to know.
Watch CBS News
A Republican-backed House bill includes a range new tax breaks, including a $4,000 deduction for seniors. Here's what to know.
President Trump says steep tariffs on U.S. imports will lead to lower taxes for Americans. Is he right?
Filing a tax extension is easy. But it's important to know what you're getting into, including what to do if you owe money to the IRS.
Did you file yet? Before you do, Brian Bromberg discusses the types of forms and what to do if you can't complete your taxes by the deadline.
Beijing fires back at Trump's latest tariffs with a matching 34% tax on all U.S. imports and tightened export controls on rare earth elements.
The Supreme Court appears to be leaning toward a Catholic charitable organization pushing back against the state of Wisconsin in the latest religious rights case to come before the court.
An Illinois representative has introduced legislation to tax road mileage as the state sees less revenue from the gas tax.
Tax Day will be here before you know it. Before you file, here’s a warning about a few tax-related scams.
Even before Chicago Mayor Brandon Johnson proposed a $300 million property tax increase to close a nearly $1 billion city budget deficit, property taxes have been a hot-button issue in neighborhoods like Pilsen. Homeowners there said they're still playing catch-up after paying their bigger tax bills from the last two years. Now, they're bracing for potentially further impact.
Even before Chicago Mayor Brandon Johnson proposed a $300 million property tax increase to close a nearly $1 billion city budget deficit, property taxes have been a hot-button issue in neighborhoods like Pilsen.
Donald Trump's plans could undermine Social Security's financial stability and lead to a large benefits cut, nonpartisan think tank says.
Mark Steber, chief tax information officer at Jackson Hewitt, discusses how to perform the mid-year check and why it’s easier to make changes now than in December.
Project 2025, a blueprint for the next Republican president, proposes major economic changes that could impact millions of Americans.
The tax is up just 2 cents compared with Sunday. But it is quite a jump compared with the Illinois gas seven years ago.
From new protections for young social media stars to driver's licenses for undocumented immigrants, these laws will go into effect on July 1.
In 2023 south suburban property taxes are up just shy of 20% on average, setting a new record. In two towns, Dixmoor and Phoenix, tax bills have more than doubled.
Illinois House lawmakers approved the fiscal year 2025 spending plan, which is said to be the largest in the state's history. The elimination of the 1% grocery tax may make a trip to the store more affordable, but it could also leave some local governments with a major hole in their budgets.
Illinois House lawmakers approved the fiscal year 2025 spending plan, which is said to be the largest in the state's history. The $53 billion budget was approved with a 65 to 45 vote in the early morning hours after the state Senate passed it on over the weekend. The more than 3,000-page spending plan now heads to Gov. JB Pritzker's desk for his signature.
An IRS audit uncovered by the New York Times and ProPublica found Trump effectively wrote off losses twice--in 2008 and then again in 2010.
The IRS is tapping Inflation Reduction Act funding to hire more agents and go after more tax cheats. Here's where it is focusing.
After passing easily in the House, a bill that would have expanded the CTC is stalled in the Senate. Here's what to know.
A minority of voters have decided on multiple property tax-related referendums in recent elections, according to a study by Cook County Treasurer Maria Pappas.
It includes tax breaks for families, higher taxes on the wealthy and corporations, and lower deficits. Under the plan, parents would get an increase in the child tax credit and access to affordable child care.
Cook County Circuit Court Judge Kathleen Burke ruled the controversial Bring Chicago Home ballot referendum is invalid.
There's a saying that there are two sure things in life: death and taxes. Taxes were even more painful for a suburban woman whose fight over her 2020 return wages on.
A police investigation is underway near a U.S. Bank in Blue Island on Wednesday morning.
A man was ordered detained until trial on arson charges, after authorities said he started a fire that displaced residents at an apartment building in Carpentersville, Illinois, back in November.
Leaders from Cook County, the Illinois Department of Human Services, and the Greater Chicago Food Depository denounced changes to the Supplemental Nutrition Assistance Program on Wednesday.
A new report found fewer children are attending Chicago Public Schools, and it's not just because families are having fewer kids overall.
Prince Harry struck a combative tone as he testified in his lawsuit against the Daily Mail's publisher.
Leaders from Cook County, the Illinois Department of Human Services, and the Greater Chicago Food Depository denounced changes to the Supplemental Nutrition Assistance Program on Wednesday.
The Chicago City Council was set to hold its first meeting of the year on Wednesday, and a renewed push for a curfew aimed at preventing so-called teen takeovers is among the items on the agenda.
President Trump told world leaders, CEOs and policymakers at the Davos economic forum that he wouldn't use force to take control of Greenland.
Chicago's Lurie Children's Hospital said Tuesday that it is no longer initiating gender-affirming medical treatment for minors.
Three people were arrested this week after police said they destroyed campaign posters for a candidate for Cook County commissioner in Chicago's Fuller Park neighborhood.
A controversial data center in Naperville, Illinois, could be the cause to pack a city council meeting there on Tuesday night.
Police in the west Chicago suburb of Geneva are warning of a scam involving spoofed phone numbers.
Protesters on Tuesday were cranking up the heat on Peoples Gas over a recently proposed rate hike that would add an additional $10 to $11 a month to utility bills.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
As this holiday season nears its end, Illinois Treasurer Alexi Giannoulias issued a warning Tuesday about text scams.
Leaders from Cook County, the Illinois Department of Human Services, and the Greater Chicago Food Depository denounced changes to the Supplemental Nutrition Assistance Program on Wednesday.
The University of Chicago Medicine Comprehensive Cancer Center has received a grant from The Ralph Lauren Corporate Foundation for a new cancer center.
Chicago's Lurie Children's Hospital said Tuesday that it is no longer initiating gender-affirming medical treatment for minors.
Roughly 1.4 million fewer Americans have signed up for an Affordable Care Act plan as expiring tax breaks drive up premiums.
January is Radon Action Month, and the Cook County Department of Public Health is urging residents to test their homes for radon.
A development proposal issued this month calls for the replacement of a building housing a Giordiano's pizzeria in Chicago's Lakeview neighborhood with a new mixed-use building with 28 residential units.
United Airlines flight attendants picketed outside Chicago's Willis Tower Thursday morning as they fought for a new contract.
WSCR-AM, 670 The Score, will begin a simulcast on 104.3 FM next month.
Does the Chicago Bears' dramatic improvement this season, culminating in their first playoff run in five years, change the discussion about where they will build a new stadium?
The Piggery, a popular barbecue restaurant and bar in the northwest corner of Chicago's Lakeview neighborhood, announced Thursday that it is going out of business.
Prince Harry struck a combative tone as he testified in his lawsuit against the Daily Mail's publisher.
The 2026 Songwriters Hall of Fame inductees were revealed on "CBS Mornings" on Wednesday. See the full list.
If you can't get enough of "Heated Rivalry," merch from the show is now available.
A flamenco dance series in Chicago is expanding access to the arts by bringing the expressive traditional dance form to Chicago communities.
Monday is the opening day for a new exhibit at the Griffin Museum of Science and Industry that immerses visitors into the imaginative world of award-winning fashion and costume designer Paul Tazewell.
Jackie Kostek takes a tour of a husband-and-wife-owned craft brewery in Lake Zurick.
A new report found fewer children are attending Chicago Public Schools, and it’s not just because families are having fewer kids overall.
In his Davos speech, President Trump lambasted America's NATO allies as unreliable partners, and insisted the U.S. needs ownership of Greenland for security reasons, but adding for the first time that he would not use U.S. military force to take control of the island.
It's January 21 and if you're one of the millions of people participating in "Dry January" then congratulations, you've made it to the three week mark. Here are some of the benefits.
The Chicago City Council was set to hold its first meeting of the year on Wednesday, and a renewed push for a curfew aimed at preventing so-called teen takeovers is among the items on the agenda. Asal Rezaei reports.
Aaron and Andre Richmond are both charged with sexually assaulting teenage girls they taught at Thornton Fractional High School District 215.
Residents at Tuesday's city council meeting said they aren't mad at the idea of the center, but are concerned about potential utility increases and health risks.
$10 million settlement in case of Anthony Stringfellow, Jr. who took his own life while at Madden Mental Health Center
President Trump told world leaders, CEOs and policymakers at the Davos economic forum that he wouldn't use force to take control of Greenland.
A police investigation is underway near a U.S. Bank in Blue Island on Wednesday morning.
$10 million settlement in case of Anthony Stringfellow, Jr. who took his own life while at Madden Mental Health Center
Aaron and Andre Richmond are both charged with sexually assaulting teenage girls they taught at Thornton Fractional High School District 215.
Chicago police issued a warning about a string of vehicle break-ins involving Honda Civics on the South Side.
Even as Mayor Brandon Johnson has warned of possible mid-year city worker layoffs if revenue estimates in the budget fall short, city employees and workers at the city's sister agencies owe a mountain of outstanding debt to the city.
Lead-based paint was banned for serious health reasons in 1978, but most homes built before then remain covered in it.
The New York Mets acquired Luis Robert Jr. in a trade with the Chicago White Sox on Tuesday, filling a hole in center field.
Matas Buzelis added 21 points, Ayo Dosunmu scored 18, and Kevin Huerter added 14. All three players made four 3s.
Connor Bedard added an empty-net goal as the Blackhawks stopped a three-game slide. It was Bedard's first goal since returning from a right shoulder injury.
A program that had played in a grand total of 13 bowl games in the 130-some years before coach Curt Cignetti arrived in 2024 went on a historic run en route to a 16-0 season and a national title.
Caleb Williams was reflective the day after and focused on attacking the offseason, while appreciating the impact this team had on the city of Chicago.
A man was ordered detained until trial on arson charges, after authorities said he started a fire that displaced residents at an apartment building in Carpentersville, Illinois, back in November.
Lawrence Reed, the man accused of setting a young woman on fire on a Chicago Transit Authority train this past November, appeared in court Tuesday.
The video shows burglars slicing into display cases under the eyes of several Louvre Museum staff members who do not intervene.
A judge and his wife were shot and wounded in their home over the weekend in Lafayette, Indiana.
A jewelry store in Chicago's Little India district was robbed at gunpoint Sunday evening.
